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American Government

The following sample questions do not appear on an actual CLEP examination. They are intended to give potential test-takers an indication of the format and difficulty level of the examination and provide content for practice and review. For more sample questions and information about the test, see the CLEP Official Study Guide.

Question 4 of 6

Which of the following is clearly a task charged to the Federal Reserve as a regulatory agency?

  • A.

    Protecting market users and the public from fraud, manipulation and abusive practices related to the sale of commodity and financial futures and options

  • B.

    Eliminating and preventing what regulators perceive to be harmfully anticompetitive business practices, such as coercive monopolies

  • C.

    Disclosing campaign-finance information and overseeing the public funding of presidential elections

  • D.

    Developing government-wide, cost-minimizing policies and offering superior workplaces, expert solutions, acquisition services and management policies

  • E.

    Providing financial services to depository institutions, the United States government and foreign institutions, as well as playing a key role in operating the nation’s payments system

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